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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30897280
30897279

1645 N 21st St, Decatur, IL 62526

NR
IL 475.201147
Coldwell Banker Commercial Devonshire Realty
Listed by Coldwell Banker Commercial Devonshire Realty
$85,000
84 days on market
Updated 21 days ago
Opportunity zone

1645 N 21st St | Single-Tenant Net Leased Asset

Details
APN 04-12-12-128-026
Property Type Industrial
Sub Type Warehouse
Square Footage 1,843
Cap Rate 9.97%
NOI $8,478
Occupancy 100%
Tenancy Single
Lease Type NNN
Pro-Forma Cap Rate 17.35%
Pro-Forma NOI $14,744
Price per SqFt $46
Class B
Buildings 1
Acreage 0.640
Zoning M1 - Intense Commercial/Light Industrial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Net Lease Portfolio | 9.97% CAP | 1,843 SqFt

Marketing description

Property Description

1645 N 21st Street and 1102 Ravina Park are single-tenant commercial assets currently occupied by Abbott EMS Services under triple net (NNN) lease structures, offering investors stable, low-management income. The buildings serve operational and support functions for the tenant, contributing to their strategic importance within the company’s regional footprint. Both properties are available individually or as part of a multi-property portfolio acquisition alongside 417-461 W Wood Street, providing buyers with the opportunity to secure immediate, stabilized cash flow backed by an established essential services operator. The tenant has expressed interest in maintaining occupancy and working with a new owner to structure long-term lease extensions, enhancing the portfolio’s durability and long-term income stability.

Area Description

Located within established commercial and industrial corridors of Decatur, Illinois, 1645 N 21st Street and 1102 Ravina Park benefit from strong access to the city’s primary transportation routes and employment centers. Decatur, with a population of approximately 70,000 residents, serves as the economic hub of Macon County and is anchored by major employers including ADM, Caterpillar, Primient, and Decatur Memorial Hospital. The properties offer convenient connectivity to U.S. Route 36, IL Route 48, and Interstate 72, providing regional access throughout Central Illinois and supporting efficient service logistics. Their locations within active business districts, near light industrial, municipal, and commercial users, create a stable operating environment well-suited for essential service tenants and long-term occupancy.

Investment highlights

Fully Occupied Corporate NNN Investment Portfolio

Single Essential Services Tenant Across All Assets

Tenant Commitment to Long-Term Occupancy and Operational Continuity

Strong In-Place Net Operating Income with Low Management Requirements

Below-Market Rents Provide Significant Future Upside Potential

Listing Contacts

NR
IL 475.201147
Coldwell Banker Commercial Devonshire Realty
Listed by Coldwell Banker Commercial Devonshire Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$8,478.00
$706.50/mo

Valuation Metrics

0
DSCR
9.97%
Cap Rate
9.97%
ROI

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